My translation, briefly.
Bitcoin's prolonged downturn is making it difficult for some miners to repay their loans.up to $4 billion that they provided with their equipment, which poses a potential risk for large crypto lenders.
According to analysts, the growing number of loans inis currently under water as the value of many mining rigs accepted as collateral has halved along with the price of the world's largest digital token.
So far, only a few miners have defaultedon its loans, but recent sales are showing signs of distress. Core Scientific Inc. sold over 2,000 bitcoins in May to cover operating expenses. Meanwhile, earlier this month, Bitfarms Ltd. offloaded nearly half of its mined tokens to repay part of its $100 million loan from Galaxy Digital Holdings Ltd. She also took out another car-backed loan from New York Digital Investment Group LLC.
Analysts warn that if the situationthe market does not improve, this could be a terrible scenario. The sale of bitcoin reserves is putting further pressure on prices, and equipment values could fall even lower if lenders seeking to recoup their losses in the event of default begin liquidating machines they have repossessed.
www.bloomberg.com/news/articles/2022-06-24/almost-4-billion-in-bitcoin-miner-loans-are-coming-under-stress
Factors down and up in the Russian stock market
smart-lab.ru/blog/814653.php
Irresistible math.
smart-lab.ru/blog/814677.php
Read this:
Whale Alert Discovers $ 208 Million Bitcoin Movements
Public US mining companies have amassed over $1 billion worth of Bitcoin.
Tether Blocks Over $ 1 Million Crypto-Asset Address
Coinbase Earned Nearly $ 2 Billion in Commissions
What does it take for Bitcoin to be worth a billion dollars?
An unknown person transferred 11,325 bitcoins worth $536 million after 7 years